Ask Question
BusinessBusiness
14 December, 05:38

The specific unit or organization for which accounting information is accumulated and reported is called the

+5
Answers (2)
  1. 14 December, 08:15
    0
    Answer:Accounting Entity

    Explanation: An Accounting entity is a corporation or sole proprietor who prepares and maintains separate books of recording all its transactions which are its assets and liabilities for a period of time.

    An accounting entity maintains and provide detailed accounting information useful to the owners of the business and its investors.

    A separate books of account must be maintained for different entities.
  2. 14 December, 09:05
    0
    Entity

    Explanation:

    he specific unit or organization for which accounting information is accumulated and reported is called the Entity
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The specific unit or organization for which accounting information is accumulated and reported is called the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which accounts are affected when the company buys supplies on account? A. assets and capital B. liabilities and capital C. assets and liabilities
Answers (1)
Harbor Co. made a basket purchase. Specifically, the Company paid cash to purchase land, a building and equipment. The appraised market value of the individual items was greater that the purchase price.
Answers (2)
A traveler who wants to explore and preserve the natural environment is a cultural tourist. True False
Answers (1)
Suppose the own price elasticity of demand for good X is - 0.5, and the price of good X increases by 10 percent. What would you expect to happen to the total expenditures on good X?
Answers (1)
Firms that sell luxury products, custom-made products, and services (like wedding planners, home builders, etc) often take the time to significantly modify their products in an effort to precisely match the needs of individual customers.
Answers (1)
New Questions in Business
A business purchases equipment by paying $6,276 in cash and issuing a note payable of $19,177. Which of the following occurs? Select one: A. Cash is credited for $6,276, Equipment is credited for $25,453, and Notes Payable is debited for $19,177. B.
Answers (1)
Using an example, explain the relationship between human resources and business objectives ...
Answers (1)
An investor purchased 100 shares of stock x at / small 6/frac{1}{8} dollars per share and sold them all a year later at 24 dollars per share.
Answers (1)
True or false: Google manages every aspect of Google Cloud Platform customers' security.
Answers (1)
Which sentences describe characteristics of a partnership? A. The owners are free from personal liability. B. The owners pool their resources to raise capital. C. The owners in a partnership are called members. D.
Answers (1)
Home » Business » The specific unit or organization for which accounting information is accumulated and reported is called the
Sign Up Forgot Password?